Are federal loans and loan guarantees affected by the streamlining and simplification activities?
The statutory language of P.L. 106-107 addressed financial assistance in general, which would have included loans, loan guarantees and other forms of financial assistance. However, government-wide streamlining activities have focused on financial assistance in the form of grants and cooperative agreements, where the 26 grant-making agencies believe there is the greatest opportunity to streamline and simplify. Grants and cooperative agreements are awarded to all sectors-public and private, non-profit and for-profit-and account for billions of dollars and millions of transactions. Although programs differ, these award instruments generally are subject to the same government-wide regulatory and policy framework.
